Should this woman be punished for making up a story?

[IowaStatePhiPsi]

average male income 1987: 22,684 X 12years= 272,208 in missed wages due to being in jail from the lies of this lady. Add on some money for legal bills, and emotional damage, and you've got a good $500,000 that she needs to give him. That or put her in jail for 12 years.